As the coronavirus pandemic impacts the U.S. economy, the Federal Reserve left rates unchanged at near zero. How has their strategy changed to stabilize the financial markets? And as many businesses and households take on additional debt as we await a vaccine, how will interest rates impact future growth?
Throughout central and southern Illinois, farmland values were generally stable, increasing 2.07% overall from last year. While land values remain steady, this is the second consecutive year of a slight increase in values. When considering the 20 benchmarks individually, the year-over-year percentage changes ranged from –3.93 to +7.20%.
The listing includes results for 30 different farmland auctions reported since the last results were published in February 2020. These public auctions concluded with successful bids and represented 2,175 total acres in 11 different counties selling for a grand total of $18.15 million with an average price of $8,344 per acre. The highest price per acre was $14,000 for Class A land in Greene County; the lowest price per acre was $2,700 for Class D land in Cass County.
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Adjust Financial Projections to Reflect Today's Realities
Examine Your Cash Flow
When creating year-end cash flow projections, no one could have predicted today’s realities. Proactively adjusting cash flow statements throughout the year can help farmers make informed decisions heading into harvest and year-end planning.
Help us honor Illinois ag educators for their tremendous contributions, which help the next generation of agricultural leaders. Five teachers will be honored and one will be named the Golden Owl Award winner and Illinois Ag Educator of the Year, receiving a $3,000 award and trophy. Submit nominations through Dec. 31, 2020.
Illinois Teacher Named 2019 Ag Educator of the Year
Ed Curry, agriculture teacher at River Ridge High School in Hanover, who passed away in July 2019, was Illinois’ first Ag Educator of the Year through the 2019-20 Golden Owl Award.
Thanks to the FCI members who got social and helped celebrate FCI’s $28 million cash patronage distribution with favorite farm asset photos and #MembershipPays. FCI cooperative members are our # 1 asset!
Here's a chance to win an "essential" to use during the heat of the Illinois summer. The Cuisinart kit is perfect for the on-the-go griller or to keep the grill tools separate from the kitchen utensils.